> ## Documentation Index
> Fetch the complete documentation index at: https://docs.withacclaim.com/llms.txt
> Use this file to discover all available pages before exploring further.

# Reconciliation

> Ensure your balances and transactions are accurate. Reconcile Treasury activity with your internal records and external bank accounts.

Reconciliation is the process of ensuring your **accounts, balances, and transactions are accurate and complete**.

In Treasury, reconciliation focuses on verifying that:

* Your **account balances match transaction activity**
* Your **internal records match Acclaim**
* Your **external bank activity aligns with Treasury movements**

***

## How reconciliation works

Treasury is built on a transaction-based ledger.

* Every balance is derived from transactions
* Every movement of funds is recorded
* Accounts provide structure for tracking activity

Reconciliation ensures that these components remain consistent and aligned.

***

## What to reconcile

### Account balances

Verify that account balances match expected values.

* Confirm **total balance = available + pending**
* Validate balances against your internal systems
* Ensure balances reflect all known activity

***

### Transaction activity

Review transactions to ensure completeness and accuracy.

* All expected transactions are present
* Amounts and currencies are correct
* Statuses reflect the correct state (pending or completed)

Transactions should provide a complete audit trail.

***

### External bank activity

Match Treasury activity with your external bank accounts.

* **Funding (add funds)** → match incoming bank transfers
* **Withdrawals** → match outgoing transfers to settlement accounts
* Verify amounts, timing, and references

This ensures alignment between Treasury and your real-world accounts.

***

### FX activity

Reconcile FX conversions across accounts.

* Confirm sell and buy amounts match expectations
* Verify FX rates and resulting balances
* Ensure both sides of the conversion are recorded

FX should always result in balanced transactions across accounts.

***

## Reconciliation workflows

### Daily reconciliation

* Review recent transactions
* Monitor pending vs available balances
* Confirm funding and withdrawals

***

### Period-end reconciliation

* Validate all balances across accounts
* Ensure all transactions are accounted for
* Match Treasury data with accounting systems

***

### Exception handling

When discrepancies occur:

* Identify missing or duplicate transactions
* Check transaction statuses (pending vs completed)
* Verify external bank activity
* Review FX conversions and fees

Resolve discrepancies before proceeding with reporting.

***

## Tools for reconciliation

You can use the following to support reconciliation:

* **Console** — view balances and transaction history
* **Exports** — download transaction data for analysis
* **Webhooks** — track transaction updates in real time

These tools help automate and validate reconciliation processes.

***

## Best practices

* Reconcile accounts regularly (daily or more frequently)
* Use transaction IDs and references for matching
* Monitor pending balances and settlement timing
* Track funding and withdrawals closely
* Validate FX conversions across both currencies

***

## Summary

* Reconciliation ensures your Treasury data is **accurate and complete**
* Balances must align with underlying transactions
* External bank activity should match funding and withdrawals
* FX activity must be balanced across accounts
* Regular reconciliation supports reliable financial operations